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glitches in the roll out of obama care could have a major impact. we've got the health care trade next. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. so i can reach ally bank 24/7, but there ar24/7.branches? i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink wat
glitches in the roll out of obama care could have a major impact. we've got the health care trade next. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ see who does good work and compare costs. it doesn't usually work that way with health care. but with...
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now, before we get to obama care. we got to show you the markets, because it was a record day on wall street. kayla joins us with all the key details. goef. >> good evening, larry the dow closing at an all time high, if it feels like de ja vu, it is, a day with mixed economic data, the big catalyst hopes for more stimulus from the fed, a read on the economy will come tomorrow. the s&p 500 got in the game, hitting a new high today, it's been doing that nearly every day, it seems. finally the nasdaq nearing a 13-year high, larry the dow transports and russell 2,000 hits new high, we will do that to the market. back to you. >> there may be more of that easy money on the way, kayla, thanks, so much. now, obama care is taking center stage on capitol hill today the administrator of medicare and medicaid services testified before the house committee on ways an means. for that, we turn to political reporter and cnbc robert costa of the national review. he joins us live from washington. as always, goef, robert. robert, give me
now, before we get to obama care. we got to show you the markets, because it was a record day on wall street. kayla joins us with all the key details. goef. >> good evening, larry the dow closing at an all time high, if it feels like de ja vu, it is, a day with mixed economic data, the big catalyst hopes for more stimulus from the fed, a read on the economy will come tomorrow. the s&p 500 got in the game, hitting a new high today, it's been doing that nearly every day, it seems....
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so that brings us to a cnbc/obama care fact check. michele carew uso-cabrera back again. >> talk about the obvious when you highlighted the promise made if you like your plan you can keep it. nbc news investigative unit reporting millions of americans who purchased individual plans are finding that is not true. they are getting cancellation letters saying their individual plan does not meet the new standards. nbc news reporter lisa myers says the white house knew for years this promise would not be true because the way the regulations were finally written, many individual policies would not be grandfathered in as originally planned and as the president reiterated on february 25th of 2010. >> any insurance that you currently have would be grandfathered in so you could keep. and so you could decide not to get in the exchange the better plan, i could keep my acme insurance, just a high deductible catastrophic plan, i would not be required to get the better one. >> more affordable coverage is the other promise made. all over whitehouse.go
so that brings us to a cnbc/obama care fact check. michele carew uso-cabrera back again. >> talk about the obvious when you highlighted the promise made if you like your plan you can keep it. nbc news investigative unit reporting millions of americans who purchased individual plans are finding that is not true. they are getting cancellation letters saying their individual plan does not meet the new standards. nbc news reporter lisa myers says the white house knew for years this promise...
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can she hold the obama coalition? but also peel off some of the blue collar white voters who clinton was so adept at getting. never one north carolina. certainly that would be on their list of want to win states should she win. but it's hard to see that somebody was going to get in this race. >> i also think in the number of shows that people are craving moderation. there's a real opening for someone like hillary clinton who has a fairly mainstream body of corporations. >> she's got an article saying it has to be a different team this time than the team she used in the last presidential campaign. >> that's right. a lot of fighting from that team. they sort of frittered away a lot of money in iowa. i still think the big hurdle that hillary clinton is going to have to pass is that she is from the 90s. sure she is a contemporary now. but presidential contests are always about the future. and that's why you get somebody in there like chris christie. he is going to be able to say he's something new and fresh, who wants to
can she hold the obama coalition? but also peel off some of the blue collar white voters who clinton was so adept at getting. never one north carolina. certainly that would be on their list of want to win states should she win. but it's hard to see that somebody was going to get in this race. >> i also think in the number of shows that people are craving moderation. there's a real opening for someone like hillary clinton who has a fairly mainstream body of corporations. >> she's got...
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basically tweeting, fact, nothing in obama care forces people out of their health plans. fact, no change is required unless insurance companies change existing plans. so, what's your reaction, mark? tell us -- can you separate fact from fiction for us? >> sure. the only people who can keep their plan indefinitely are people who in the individual and small group market were in that market before march 23, 2010, and over that period, from march 2010 till now, did not change their plans. so, the fact is that the individual market turns over a third every year, so in three years, we probably turned over most of the individual market. and the fact is, because of the economy, small groups and individuals change their plans almost every year to make them more affordable and, therefore, not subject to grandfathering. >> is it disingenuous on valerie jarrett's part to say no change is necessary unless insurance companies change existing plans? did you have a choice or would you have a choice to make changes in plans? you had to phase out some plans because they didn't meet the min
basically tweeting, fact, nothing in obama care forces people out of their health plans. fact, no change is required unless insurance companies change existing plans. so, what's your reaction, mark? tell us -- can you separate fact from fiction for us? >> sure. the only people who can keep their plan indefinitely are people who in the individual and small group market were in that market before march 23, 2010, and over that period, from march 2010 till now, did not change their plans. so,...
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could not keep their health insurance under boom obama care. quite the opposite of what president obama continued to promise. we're joined by lisa myers, nbc news senior investigative correspondent who broke the story. she joins me with the latest. what can you tell us? >> the white house today in the briefing seemed to elaborate on the president's initial promise and put in more qualifiers. basically what we found is in the individual market, the place where people buy their own insurance policies, it's only about 14 million americans. these are the folks who have been receiving all these cancellations notices. if you look back in the obama care regulations, it says in there they expect that 47% to 60% of the folks in that market will not be able to qualify for grandfathering, which means they wouldn't have been able to keep their plan if they wanted to. which as you know was a cornerstone of the president's ability to sell this policy. >> so, in other words, are you -- i mean, you can't -- i don't think you're saying that this was sort of, yo
could not keep their health insurance under boom obama care. quite the opposite of what president obama continued to promise. we're joined by lisa myers, nbc news senior investigative correspondent who broke the story. she joins me with the latest. what can you tell us? >> the white house today in the briefing seemed to elaborate on the president's initial promise and put in more qualifiers. basically what we found is in the individual market, the place where people buy their own...
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it was fascinating what you said about president obama. i wonder if you could talk about the country just for a second and this sort of polarization. you know, a pet theory of mine is that what we're seeing as a result of some of the anxieties that people are feeling about economic and social dislocations that are taking place in the country, these big forces that are beyond our control, is do you buy into a theory kind of like that? i'm sure you have kind of a krauthammer take on the larger trajectory of this country. so what is it? >> gene and i are the yin and yang of the op-ed page of "the washington post." if you want yin, you read me, if you want yang, you read the next day. a great question. i do think the reason we are polarized, the reason whef this ideological division is because -- and i write about this in the book talking act the new constitutionalism of the right. we are in a crisis of the welfare state. it was constructed half a century ago. and the demographics and the technology of our age are completely different. and the
it was fascinating what you said about president obama. i wonder if you could talk about the country just for a second and this sort of polarization. you know, a pet theory of mine is that what we're seeing as a result of some of the anxieties that people are feeling about economic and social dislocations that are taking place in the country, these big forces that are beyond our control, is do you buy into a theory kind of like that? i'm sure you have kind of a krauthammer take on the larger...
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what does it mean for the white house and the future of obama care? we'll get more on that with white house insider and former head of the council of economic advisors laura tyson, who joins us in just a moment. americans take care of business. they always have. they always will. that's why you take charge of your future. your retirement. ♪ ameriprise advisors can help you like they've helped millions of others. listening, planning, working one on one. to help you retire your way... with confidence. that's what ameriprise financial does. that's what they can do with you. ameriprise financial. more within reach. once wrote something on a sheet of paper and placed it in his factory for all to see. ♪ four simple words where the meaning has never been lost. the challenge always accepted. and the calling forever answered. ♪ introducing the all-new 2014 s-class. mercedes-benz. the best or nothing. [ male announcer ] staying warm and dry has never been our priority. our priority is, was and always will be serving you, the american people. so we improve
what does it mean for the white house and the future of obama care? we'll get more on that with white house insider and former head of the council of economic advisors laura tyson, who joins us in just a moment. americans take care of business. they always have. they always will. that's why you take charge of your future. your retirement. ♪ ameriprise advisors can help you like they've helped millions of others. listening, planning, working one on one. to help you retire your way... with...